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Glum economic prognostications abound, but when New York Stock Exchange Chairman James J. Needham spoke before the Economic Club of Detroit last week, his predictions were gargantuan as well as dire. Using figures based on an N.Y.S.E. study, Needham estimated that U.S. capital demands through 1985 will amount to a cumulative total of $4.7 trillion. During the same period, he argued, the economy's savings potential will only amount to a bit more than $4 trillion. The probable result: a capital shortfall of $650 billion. That figure, says Needham, "represents the projected gap between the domestic supply of investment...

Author: /time Magazine | Title: AMERICAN NOTES: Shortfall | 9/23/1974 | See Source »

Pizza places abound in Harvard Square, but Harvard students never seem to get their fill. Nor do they ever seem to agree on which place serves the best pizza. Fortunately, there are enough varieties around so that even the most demanding pizza eater should be able to find satisfaction...

Author: NO WRITER ATTRIBUTED | Title: Bars And the Like | 9/16/1974 | See Source »

...long insects are already more than a picnic annoyance: they abound in the area, living in trees and leaping out to bite intruders. More important, the ants at Gabo Djang are believed by the aborigines to be descendants of the godlike Great Green Ant. They revere the great ant as one of the spiritual beings who established all the patterns of human life and can still influence them for good...

Author: /time Magazine | Title: AUSTRALIA: Wrath of the Green Ants | 9/9/1974 | See Source »

...decency in his predecessor had become an accepted condition of our national life. There is no other logical answer to the amnesty problem for a man who the Sunday before sat in his small church in Alexandria, Va., believing in the words of the old hymn he sang: "Blessings abound where'er he reigns;/ The prisoner leaps to loose his chains;/ The weary find eternal rest,/ And all the sons of want are blest...

Author: /time Magazine | Title: THE PRESIDENCY: So Like the Rest of America | 9/2/1974 | See Source »

...compare to what you'll find at Harvard. Introspective souls do exist at Stanford even though they don't have the green and pallid "Underground Man" countenance of the driven Harvard neurotics. Discovery through suffering is not high on the priority list at Stanford mostly because environmental advantages abound...

Author: By Joy Horowitz, | Title: East From California: | 9/1/1974 | See Source »

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